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Search Results 0 to 49 of about 71 (some duplicates have been removed)
and the state of the two biggest economies in the world. first up, on tuesday in the state of the union, president obama challenged congress to vote on proposals to get weapons of war off our streets. but will it happen? can it happen? we'll talk to a world leader who made it happen in his nation. >>> then, larry summers on how to create jobs in america. the former treasury secretary on how the president can achieve the goals he laid out for the economy. >>> then, many worry that the world's second largest economy is headed for a crash. a rare inside look at the inner workings of the chinese economy. what's really happening there? >>> also, what in the world will get north korea to end its nuclear ambitions? i'll give you my plan. but, first, here's my take. president obama's state of the union address presented an expanded vision of smart government to create jobs and revive the economy. it had many important ideas in it. yet, he lowered his sights on the single policy that would both jump start the economy in the short term and create the conditions for long-term growth. infrastructur
members urged caution in withdrawing stimulus to the economy prematurely. the fed policy board is expected to examine the effectiveness of its asset purchasing program more closely after its next meeting in march. housing construction is a key indicator of the health of u.s. economy. the number of permits for new construction rose for a third straight month. this suggested recovery in the housing market remains on track. department of commerce officials say housing starts last month came to 890,000 units. that's a decline of 8.5% from december. construction of condos and other multifamily tumbled 26%. the drop was enough to offset a rise. housing permits rose 1.8% from december. that's the highest level since june 2008 before the start of the global financial crisis. let's get a check on tokyo markets. first taking a look at stocks. market sentiment is damaged. the nikkei is trading at 11,423. sources say investors are selling export related issues to take profits after recent gains. moving onto currencies now. the fed minute that hint at scaling back monetary easing has led to dollar buyi
, not bigger. >>> a growing economy that creates good middle class jobs, that must be the north star that guides our efforts. it is our generation's task then to reignite the true engine of american economic growth, a rising thriving middle class. >> president obama delivered his fourth state of the union address tuesday. in attendance were senate and house members, six of the nine justices of the supreme court, the joint chiefs of staff, members of this cabinet and assorted dignitaries. over the course of one hour, the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly o
in the local economy by my parts. every person who works on my product is going to raise the price of my product. every hand that touches the unit that i sell, a certain percentage of the company buys this products. every time i go to a vendor to get a part, my costs will increase. my competitor build a similar part for almost a third of what i build a mine. you will take away the factory workers who manufacture my parts. this is all usa jobs. lower the price of gas. back to two bucks a gallon and you won't have to worry about the minimum wage. host: how would an economist pre-minimum wage respond to that caller? guest: you are raising the cost of that worker to that business. that worker will have more money to spend. you can make more profits. you can pass the cost to people who are buying your goods by raising prices. raising the minimum wage has an effect on the economy. the question -- if there is a chance it would raise unemployment or perhaps put a business in the red. host: michelle, tacoma, washington. caller: i just realized our state is one of the higher states with minimum w
in this country to strengthen middle class families? that's how our country, our economy is strongest when a thriving, rising middle class is the engine for growth in this country. that's exactly what we want to do. when you look at sequester the impact on middle class families, what's it going to be, teachers in schools, 13,000 schools -- 13,000 teachers are going to be hit, 6,000 schools. if you look at mental health, if you look at food inspections and you've already heard the devastating list of horribles that the pentagon has said are going to be out there. so the question is, on top of all those things that you just talked about is what is the impact on the middle class? so the question the president is asking is why don't we take a step back, let's fix this in a kind of balanced way the president has proposed and the senate democrats have proposed with a reasonable amount of spending cuts and a reasonable amount of revenue raisers so that we can get this thing done and move on to the business of the country. >> but help me understand because we have a budget. this is -- look at exac
the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly on the phony issue of automatic government budget cuts known as sequestration. >> question. when former president clinton took the helm during an economic downturn, he said he had a quote laser-like focus on the economy. how would you describe the focus of president obama's state of the union pat buchanan? >> he did pivot back toward the jobs and the economy but overall this was a very libbal brail speech, something we have all heard before nothing new in it and a dead on aarrival speech. he is not going to get the m
state of the union address, our top priority should be doing everything we can to grow the economy and create good jobs. that is our top priority and it drives every decision we make and it has to drive the decisions that congress and everybody in washington makes over the next several years. that is why it is so troubling that 10 days from now congress might allow a series of automatic, severe budget cuts to take place that will do the exact opposite. it will not help the economy. it will not create jobs. it will visit hardship on a lot of people. here is what is at stake. over the last few years, both parties have worked together to reduce our deficit i more than $2.5 trillion. more than two thirds of that was through some really tough spending cuts. the rest of it was through raising taxes, tax rates on the wealthiest 1% of americans. together, when you take the spending cuts and increased tax rates on the top 1%, it puts us halfway to the goal of four dollars trillion -- $4 trillion in deficit reduction. thomas say we needed to stabilize finances. -- economists say we need it.
's economy. at dot, we will need to cut nearly a billion dollars, which will affect dozens of our programs. over $600 million of these cuts will need to come from the federal aviation administration, the agency that controls and manages our nation's skies. as a result of these cuts, the vast majority of faa's nearly 47,000 employees will be furloughed for approximately one day per pay period until the end of the fiscal year, and in some cases it could be as many as two days. today we are sharing more details with our unions and with industry so they can start planning for serious impacts of sequester. here is what these automatic cuts are going to mean for the traveling public. obviously, as always, safety is our top priority, and we will never allow the amount of air travel we can handle safely to take off and land, which means travelers should expect delays. flights to major cities like new york, chicago, and san francisco and others could experience delays of up to 90 minutes during peak hours because we have fewer controllers on staff. delays in these major airports will ripple across
first step toward getting federal spending under control in a way that would ultimately help the economy. >> let we get back to my first, if sequestration isn't, maybe we'd get as many as we might have if we spent money and if we're at the status quo. >> they're talking as far as jobs are concerned and the larger economy. if the government spends less in the larger economy, then it would cost some jobs overall. as far as the-- >> meaning slow growth, rather than cost jobs. >> exactly. as far as the military is concerned, there's a lot of controversy about this. you have a lot of republicans who are against sequestration, solely on the grounds of cuts to the federal government, excuse me to the defense department and you've heard today, leon panetta talking about hundreds of thousands of workers who will be furloughed and talked about damage to combat readiness and say there's an omb report, management and budget which says that they believe that the secretary of defense, and the president, do have the discretion to move money around so that combat readiness would not be affected by these
and the kind of investments we expect for the economy to grow from the middle out. so our hope is that this does not happen, that we choose-- rather than make this an ideological fight as it appears to be right now among some on the republican caucus, we just do a balanced approach to fix this problem. >> schieffer: i agree with all that b but when you have the speaker of the house saying i can't work with the president any more. every time i work with him i get bermuda. when he says he won't take on the liberals in his own party on reforming the social programs, and then you see the president he's not talking to anybody. he's out making speeches around the country. >> oh, i think that the president is-- he laid out in very complete detail-- >> schieffer: but what is he doing? what are the two sides doing to keep this from happening? >> you saw what he did on tuesday night during the state of the union when he laid out in detail on what he is prepared to do as it relates to fixing this problem. over the last several months we got agreement on $2.5 trillion in deficit reduction
. ai joins us from the business desk. >> major economies embark on similarly bold monetary easing measures just as japan. it works to weaken all of their asor japan a report from the international monetary fund dismisses worries that japan's monetary easing could lead to a global currency war. the concerns are overstated. the report states the recent move in the currency market is correcting the excessively strong yen. it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members generally welcomed japan's economic program. they said th
, ignores an economy that is struggling, remember, it contracted in the last quarter, and it's projected to contract some more in the first and second quarter, ignored 23 million people who are out of work, ignored the fact that unemployment rates are going to go up. ignored 86 trillion dollars in unfunded liabilities. i'm embarrassed about that because the people in office that could do something about it are not doing anything about it. >> herman cain. >> and don't attack rush limbaugh-- >> herman cain you're a successful businessman and you've just made a bottom line argument that i love. if you look back at the last quarter of last year, what do you see? the defense department pulled spending and what happens? the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong e
change that perception. let's focus on a reality. by reality i mean economy of our political system. this election has its own economy. the economy as two components. one is an economy of stop, and the other is the economy of extortion. the economy of stop drives us to understand to point to the instability in our government. any system where the tiniest slice of the public dominates in the funding produces a system where a tiny number of americans can effectively block any change. it will always be that or at least almost always be that in the context where some much dependence exists on such a tiny number of participants. it is just a couple thousands who have to band together with these contributions to effectively make it possible that in our structure of separated powers you can block any change. this is an economy that depends on polarization. people point to polarization as the cause. it is an effect. it depends on the dysfunction, because the more dysfunctional the institution is, the easier it is to sell this opportunity to block. this function is the business model, which
that will spur a new american economy that is focused again on making and innovating and growing and manufacturing and exporting. the long-term security and absolutely dependent on managing these risks we have identified today. it is that important for this country. you all can help. one man who understands this better than most is tom daschle. i can say a lot of things about tom daschle. i can talk about his military career in the air force. i can talk about his service in the house of representatives and his extraordinary leadership in the senate. the only person to serve as a majority and minority leader. i have said a lot about this man in terms of what his counterparts thought of him. i prefer to talk about tom daschle the father and grandfather. i think you can tell the measure of a man or a woman by the children. tom has got three great kids. i had the pleasure of knowing all of them. his daughter is an award- winning journalist. his son nathan is a social entrepreneur. his daughter lindsay, my favorite -- he cannot say that -- works at usda. she did an extraordinary job o
there are more significant. we need a transition to -- there are major economies going and the direction of low carbon. we are pushing the us to go in that direction. there is opportunity for canada to diversify its economy and become low carbon. and europe, they're looking at a directive. there is an opportunity i think to view the developments. is this a momentous change that we are looking at to start driving this? what does that mean for that relationship? i think the economic growth and the job opportunities are much bigger and greater than where we would find the fossil fuels sector. >> rupert murdoch, the guy who owns fox news and the wall street journal, he tweeted against of a keystone and said that we do not need. we have cleaner, natural gas from phrack inc.. -- fracking. what is the implication of this domestic boom? what crowd out the need for energy from canada? what does it mean that the u.s. is talking about being energy independent? >> it was separated into two areas. natural gas and homes. we are looking at surpluses. to say whether it will crowd canadian gas out of the u.s. m
,000. >>> the european commission says the euro zone economy will contract for the second straight year in 2013. the commission says it expects gross domestic product to shrink 0.3% in the 17-nation euro zone from last year. that compares with the previous forecast of 0.1% growth. the commission said tight lending conditions, job cuts and sluggish investment are dragging the recovery. but it's projecting 1.4% growth for 2014. the commission says leading indicators suggest that the regi region's economy is bottoming out. and economic activity is expected to gradually pick up. >>> it may look like a wristwatch, but it's a computer. technology giant apple has filed a patent application for a computer that people can wear like a watch. the u.s. patent and trademark office disclosed apple's patent filing on thursday. the computer has a flexible touch panel display. sensors inside detect a change in the state of sub straights and automatically adjusts to user interface to a new position. the computer wirelessly connects to other devices like smart phones. media reports last week that apple is develop
and a lot of damage to the economy. but because it's slower moving, there seems to be less impetus to get a deal done before the march 1st deadline. you're hearing maybe this would all be wrapped up and the continuing spending resolution, if that's not solved by the end of march could result in a government shutdown. there seems to be posturing for negotiating all at once, some time in march. looks like it's possible we'll go past the sequester. >> didn't the gop agree to the sequester deal? and if the gop wanted to stop it, they could have. how do you assess blaming the president for the sequester? >> i'm not sure that's really working out for them because it's true that both sides agreed to this. and now the president is saying, okay, i agreed to this but let's do something about it. the whole idea of the sequester is it would be such a bad thing that neither party would want to go through with it. we can disagree with the logic of even setting this up. but it is true that if you're the party that's refusing to do the negotiation, i think you're the one that looks bad. the fact that bot
will collapse. this is $85 billion in net of three and half trillion dollar budget in the $16 trillion economy. i would be hard-pressed to explain how cutting 85 billion -- think of it as taking 85 billion out of your allowance of $3,800. eighty-five bucks out. as not going to end things. lou: percentages are, perhaps, the easiest way to comprehend this. 2 percent, you know, is not that significant. on the other hand, it is easy to recall that rat poison is mostly of meal in most cases with 2% poison in it. 2% can be deadly and destructive in some cases determined. go ahead. >> no one should argue this is a good idea. this is, as i was quoted, a bad idea whose time has come because the worse idea is to not deal with the spending. that is the problem. and at least they are agreeing that there not going to do nothing. so it is either do real spending cuts that are real choices and really passed the senate, which we have not seen passed the house. with this. lou: at some point, and i know that you are doing your level best to try to bring rationality into the nation. >> not my fault. lou: i under
in this town is a mind game. this is a diversion to keep you off the thought of this poor economy which generates crime. this is about crime and is trying to divert your attention away from it because they cannot create jobs. i have two quotes from people who know what they're talking about. bruce weinberg, ohio state university -- but officials can pass tougher citizen laws and take other steps to reduce crime but there are limits to how much these can do. we found that a badly premarket has a profound impact on the crime rates -- that a bad labor market has a profound impact on the crime rates. this causes more unemployment a spiral situation from which it is difficult to recover. what we need to do is create jobs, businesses. small businesses create less crime. though i walk through the valley of the shadow of death, i fear no evil because i am the meanest and fiercest person walking into the valley.[laughter] >> thank you. and a reminder of the los angeles riot.i was actually there during that time as well. you are absolutely right. that is what we saw. you are right, that most of t
hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthist americans and biggest corporations. that's the choice. are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? are you willing to have teachers laid off, or kids not have access to head start? or deeper cuts in student loan programs? just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice, that is the question. and this is not an abstraction. there are people whose livelihoods are at stake, there are communities that are going to be impacted in a negative way, and i know that sometimes all this squabbling in washington seems very abstract, and in the abstract people like the idea, you know, there must be some spending we can cut, there must s out there. there absolutely is, but this isn't the right way to do it. so my door is open. i put tough cuts and reforms on the table. i'm willing to
't remember that. >> they are not fair and they will hurt our economy and add hundreds of thousands of americans to the unemployment rolls. >> steve: no wonder he doesn't want to take credit for it. new blame game. >> brian: how much does this woman love president obama. so much so voted them for six times. fox and friends starts now. >>> fox and friends, brian, welcome back. where did you do go and did you miss us? >> first off the chinese hacked my blackberry i can't open up any of my emails. i should have put the back on first. >> steve: see if it works? >> gretchen: i thought that congress' approval waiting went up 15%. all right. in the meantime, as he fixes his blackberry let's get positive to a developing story. stay tuned on to fox and friends report. >> they are charging pre-med dated murder. they found steroids in his home. good morning, amy. >> investigators say they found two boxes of steroids and needles in oscar pistorius' home. a sigh, a real sigh went across the courtroom and then the defense says those were actually herbal remedies. then another explosive moment in
industries and economies, the world's largest trade mostly predictable ally and always dependable friend. but some major changes on the horizon could present new challenges for the relationship. let's begin with energy. right now nearly all of canada's oil and gas exports are to the united states. that represents about 10% of u.s. energy needs. but that's about to change. neutrally technologies have unlocked new supplies of crude oil and natural gas from previously unreachable reservoirs across the u.s.. >> after years of talking about, we are finally poised to control our own energy future to disconnect some experts predict the united states will be energy independent by the year 2035. how will that affect canada's 40 billion-dollar oil bench and what will energy independence and for u.s. foreign policy? and what does it mean for pipelines? the canadian government is anxiously awaiting a decision from the white house on the proposed keystone xl pipeline. it would carry out the oil sands nearly 2,000 miles to refineries on the u.s. gulf coast. the secretary of state john kerry who has lo
shrinks the deficit faster than a growing economy that creates good jobs. we need to make america a magnet for good jobs, equipping our people with the skills required to fill the jobs. making sure their hard work leads to a decent living. those are the things we should be pushing ourselves to think about and work on every single day. that's what the american people expect. that's when i'm going to work on every single day to help deliver. so i need everybody who is watching today to understand we've got a few days, congress can do the right thing. we can avert just one more washington-manufactured problem that slows our recovery and bring down our deficits in a balanced, responsible way. that is my goal, that's what would do right by these first responders, these what would do right by america's middle class. that's what i'm going to be working on and fighting for, not just over the next few weeks but over the next few years. thanks very much, everybody. thank you guys for your service. [applause] [applause] jon: "happening now" at the white house president obama shake hands with a group
economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we saw with his nomination something truly extraordinary, which is the government of iran formally and publicly praising the nomination of a defense secretary. i would suggest to you that to my knowledge that is unprecedented to see a foreign nation like iran publicly celebrating a nomination. >> just watching that reminded me of mccarthy. welcome back to "hardball." that's just a sample of freshman texas senator ted cruz's language this week about defense secretary nominee chuck hagel. here is what really happened at his weekly news conference. the iran foreign minister spokesman was asked about hagel's views on israel and u.s. sanctions on iran. as reuters reported, the spokesman responded, we hope there will be practical changes in american foreign policy and washington becomes respectful of the rights o
to do with a rotten economy. older adults are staying in the work force longer any younger adults staying out of the work force longer because they cannot get into it. host: if you don't have a retirement, there is this option -- norman is joining us from maryland, 45 years old. how much have you saved so far for your retirement? caller: first, thanks for having an article on this subject. i have been waiting for this opportunity. i have $2,800 in my 401k plan. i am wanting your opinion for people my age. i was born in 1968. it seems we are at the tail end of the pension plans and profit- sharing and at the front end of all the financial crises in the country. people my age, it seems we were never able told the 10% we were told, the city to hold 10% your entire working life for your retirement. between jobs and layoffs -- and i have always been fortunate to make as much as college graduates, but between the jobs and layoffs throughout my work life and the clinton era taxes and everything -- i'm not blaming him, i thought he was a good president even though i am a republican, i jus
are not smart. they're not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might pick up again. >> i will denight president -- i will deny the president -- >> stephanie: boner said washington democrats new found concern about the president's sequester -- he's clever how he keeps calling it -- [ ♪ hypnotic ♪ ] >> obama quester. >> stephanie: social media boys and i came up with that over bourbon. >> and you can tell! >> obama quester. >> stephanie: rolls off the tongue. words alone won't avert it. replacing the president's sequester. there it is again in the second sentence. >> obama quester. hashtag. do you see the hashtag first or after? >> stephanie: i'm doing boner. >> but you probably didn't know either. [ laughter ] >> stephanie: i was mocking him for something -- is this where we break or no? >> yes. good lord. >> stephanie: replace the president's sequester will require a plan to cut spending to put us back on the path to a budget to keep the
to happen. the impact on the economy would be terrible for american families. we don't want it. we think it is bad policy. it was designed to be bad policy. that was the whole point. the sequester was written in a way that would assure that congress would never let it happen. >> by putting it off, it could work to your advantage perhaps? >> i think you're misunderstanding or maybe we're not doing a good enough job trying to convince you. we support efforts in congress to buy down the sequester but they should come back and do it tomorrow or come back next week. buy it down so the sequester does not have an immediate effect and congress can get back to work and we can get that $4 trillion in deficit reduction that analysts have called for. we've been working for that. up to $2.7 trillion in deficit reduction has been achieved thus far. our deficit is coming down but we need to do more work to make sure that process continues. that's what we want, that's what the president wants. >> i have a question about cyber crime among other things. what can we expect? >> i think if you're talking a t
-frank and they add up. >> they add up and they are devastating to the opportunity in the economy and that is it liberty in the economy . that's what we want people to exercise and one of the things that made this a great and unique nation. in the book we talk about how they cross the lines and particularly from the regulatory agenciless and that just handed enormous power to a number agencies . epa and fcc and national labor relations board and the president lost last month to us in the epa case and they lost in the lrb manner . that is what he is not baking off of. i don't see a slow down in the fight for liberty that the states are carrying on for the first four years of the administration as we head in the next four. >> they are stipulative of the regulations . they say he has to step in where congress is in grid lock. we need regulations to make sure we have clean air and safe roadways, so why not? >> that is contrary to why we have a congress and senate and why we have the house. they represent us, too. and as the president tried to say to the speaker, i won, get over it the
of civil society, the economy itself, and the states, depend on that kind of maturity but cannot themselves provided. as well as the stabling commitment of a mother and father. that is what gets the state involved in marriage. it is the social need to promote the stabilizing norms. it is those very stabilizing norms that i say are undermined in principle, and then over time, in practice, as we internalize the idea that marriage is just companionship, that it has no more internal requirements and companionship does, which is a very broader category. note what this highlights. this suggests that, if the norm of sexual complementarity is arbitrary, just a traditional holdover, then so is permanence. so is exclusivity. so is monogamy. why do i say that? very often people say, we can cross those bridges when we get there. you do not have to worry today about polyamorous relationships and so on. i think the logic of those positions does not allow that answer. the logic of their position is that what makes a marriage's emotional union is arbitrary, requiring sexual commentary, which is not essenti
economies rather than engaging in some other terrorist or some other type of extremist activity. for the first time in human history, young people are around the world act as a global covert including many of the people in this room who are more open-minded and more proficient in the technology that keeps them connected in a way that no generation in history has ever been before. we need to help all of them and us to use this remarkable network and a positive way. some may say not now, not while we have our budget. well believe me, my friends, these challenges will not get easier with time. there is no pause button on the future. we cannot choose when we would like to stop and restart our global responsibility or simply wait until the calendar says it's more convenient. it's not easy. but responding is the american thing to do. and i will tell you it's worth it. our relatively small investment in these programs which advance peace, security and stability around the world which help american companies compete abroad which create jobs here at home by opening new markets to america
this economy and obama getting re-elected and that made me think if an airplane hits the mountain maybe you better buy new radar. >> quickly because i want to move on -- >> the republican party's technology problem is a little like its immigration problem. it's necessary but not sufficient for it to get up to speed on those things. it won't help it win. i think about the republican party like the old joke how many therapists does it take to change a lightbulb. the light bulb has to change. the republican party has to decide it wants to change. >> the dustup over chuck hagel and, george, the republicans delayed this. i don't understand what's going on. a lot who voted against having the vote said, no, no, i'll let it happen in two weeks. are the republicans playing it dangerous game by blocking hagel and brennan, defense and cia when they know that both of them are ultimately going to be confirmed. >> because they do know that and because most sensible republicans believe that a president is owed vast deference in picking his cabinet because the cabinet leaves when he leaves and the cabinet
Search Results 0 to 49 of about 71 (some duplicates have been removed)